Dubai’s Spa Inventory To Increase By 10.7% CAGR To 2021
The number of 5-star hotel spas in Dubai is on track to increase by a Compound Annual Growth Rate (CAGR) of 10.7% to 2021, according to data released by Colliers International ahead of the 25th edition of Arabian Travel Market, taking place at Dubai World Trade Centre, from April 22nd – 25th, 2018.
According to the report, Spa & Wellness Travel, produced exclusively for ATM, the number of 5-star hotel spas in Dubai will increase from 107 in 2017 to 157 in 2021, in close correlation with the emirate’s hotel pipeline. High profile openings over recent months include The Spa at Palazzo Versace Dubai and The Bulgari Spa, which will contribute to projected annual spa revenues in the emirate of US495million, by 2019, according to Visit Dubai.
Simon Press, Senior Exhibition Director, Arabian Travel Market, said: “Regionally, the spa sector is multi-faceted and sensitive to events and developments in many other sectors, including global health, beauty and wellness trends. In 2017 we saw focus increase across these areas and Dubai was quick to capitalise and innovate, with the debut of a number of luxury-branded hotel spas.